Transforming the future of Brentwood Town Centre. Adrian Peachey.
Healthcare, Offices, Retail & Leisure, Town Centre, Development Consultancy, Investment, Property Management
Brentwood Council
This project was worked on by the following people, working in partnership from across our business…
- Adrian Peachey Partner, Commercial Agency and Advisory
- Dominic Ball Associate, Commercial Agency and Advisory
- John Tinley Partner, Property Management
- Matt Moran Associate, Commercial Agency and Advisory
- Dan Peake Partner, Commercial Agency and Advisory
- Simon Rogers Head of Recovery and Restructuring, Development & Valuation Consultancy
- Kevin White Head of Education Sector Partner, Development & Valuation Consultancy
Key information
We advised Brentwood Council on the purchase of a 125,000 sq ft shopping centre in the heart of Brentwood Town centre from CTI for £11 million (£90 per sqft Capital Value). We worked closely with the council to produce a repositioning business plan, which will see the development of a town centre master plan with the Brentwood Development Partnership. The new mixed-use scheme will include residential, hotel, cinema, restaurant & bar, health, co-working office and convenience retail facilities with an end GDV of £45 million.
Our cross sector team also advised on the purchase of a 100,000 sq ft office building called, Academy Place Brentwood, for £14 million, as part of a joint deal with The Baytree Centre. The council, having lost 50% of their office space in the Borough through Permitted Development Rights, acquired the building for employment protection reasons and to further boost the Town Centre regeneration.
The redevelopment of Hertford Theatre. Jon Bradburn.
Retail & Leisure, Town Centre, Planning, Historic Environment & Townscape
East Herts District Council (EHDC)